Actuarial Analyst

Makati City, Metro Manila
Permanent
Full-time

7 days ago

MediCard Phils., Inc. is one of the country's leading HMO and the only HMO founded and run by Doctors. Since its inception, the concept of service-oriented total health care has been the molding ideal of MediCard. The competition is vast, and the benefits being offered by the competitors are tempting. However, MEDICard has taken the lead in providing innovative and productive ideas that cut down the cost of health maintenance without compromising its quality.MediCard now boasts of more than half a million members and over 54,000 accredited doctors in over 1,000 hospitals and clinics nationwide. It also operates 16 MediCard free-standing clinics that provide services at par with those offered by hospitals minus the confinement.MediCard is currently looking for assertive, dynamic and energetic individuals to fill up the following vacancy: Responsible for providing actuarial services covering all aspects of the insurance business and financial control, including valuation calculations, statutory reporting, risk assessment and premium setting

Prepare regular analyses and valuation calculations by product group / distribution channel in areas such as expenses and allowances, commission level
Prepare statutory reporting to the regulatory authorities and management
Report on functional strength, profitability, progress and specific portfolios
Involve in tailoring the rate and setting the premium of individual insurance policies, calculating risk assessment and recommending policy surrender values and costs of policy changes
Develop insurance products, establish premiums and advise on underwriting policy
Support distribution channels in areas such as special quotations and product training
Liaise with regulatory bodies on matters involving capital management / solvency

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